Deemed Exercise. If DeepTech fails to timely deliver written notice of its exercise of the Option as provided in Section 2.6, DeepTech will be deemed to have exercised Section 2.2(b) of the Option effective as of the Option Expiration Time.
Appears in 3 contracts
Sources: Restructuring Agreement (Tatham Offshore Inc), Restructuring Agreement (Deeptech International Inc), Restructuring Agreement (Tatham Offshore Inc)